Company Overview - BW Offshore Limited is an engineering company that specializes in innovative floating production solutions, with a fleet of 2 Floating Production Storage and Offloading (FPSO) units and ambitions for growth [1] - The company has approximately 1,100 employees and is publicly listed on the Oslo Stock Exchange [1] Annual General Meeting (AGM) Details - The 2025 Annual General Meeting of BW Offshore Limited is scheduled for 28 May 2025 at 2:00 p.m. Bermuda time, to be held at 18 Rebecca Road, Southampton, SN04, Bermuda [1] - Attached documents related to the AGM include the Notice of the 2025 AGM, Form of Proxy, Chairman's Letter, and Recommendation from the Nomination Committee [4][5] Contact Information - For further inquiries, Ståle Andreassen, CFO, can be contacted at +47 91 71 86 55 or via email at IR@bwoffshore.com [1]

Core Insights - Apollo has agreed to acquire a majority stake in OEG Energy Group, valuing the company at over $1 billion, with Oaktree retaining a minority interest [1][2][3] Company Overview - OEG Energy Group has been a key player in the offshore energy sector for over 50 years, providing development and operations solutions to oil & gas and wind markets [2][8] - The company operates one of the largest fleets of cargo carrying units (CCUs) globally, with over 75,000 units, facilitating safe transportation to offshore energy installations [2][9] - OEG's Renewables segment offers integrated technical solutions and services specifically for the offshore wind sector [2] Leadership Statements - OEG's CEO, John Heiton, emphasized the company's commitment to expanding capabilities in response to energy transition investments [3] - Apollo's Partner, Wilson Handler, highlighted the opportunity for growth in OEG, driven by demand for efficient energy production and renewable power [3] Investment Context - Over the past five years, Apollo-managed funds have committed approximately $58 billion to climate and energy transition-related investments [2] - Apollo aims to deploy $50 billion by 2027 and over $100 billion by 2030 under its Climate and Transition Investment Framework [6] Transaction Details - The acquisition is subject to regulatory approvals and is expected to close in Q2 2025 [4] - Financial and legal advisors for the transaction include Banco Santander SA and Vinson & Elkins LLP for Apollo, and Goldman Sachs International for Oaktree [4][5]

Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and has a long history of executing significant international projects [3] - The company is actively expanding its core business into the offshore energy industry [3] - Great Lakes operates the largest and most diverse fleet in the U.S. dredging industry, consisting of approximately 200 specialized vessels [3] - The company has a disciplined training program for engineers to ensure performance based on experience [3] - Great Lakes has an Incident-and Injury-Free® (IIF®) safety management program integrated into its culture, emphasizing employee safety [3] Upcoming Events - The Senior Vice President and Chief Financial Officer, Scott Kornblau, will present and host one-on-one meetings with investors at the Sidoti Small Cap Virtual Conference on March 19, 2025 [1] - The presentation will begin at 10:00 AM ET and will be accessible live [2]

Core Viewpoint - BW Offshore Limited has approved new awards under its Long-Term Incentive Programme (LTIP) for 2025, which includes Share Options and Restricted Share Units (RSUs) to align employee interests with those of shareholders [1][2]. Summary by Sections Long-Term Incentive Programme (LTIP) - The LTIP for 2025 includes a total of 800,000 options, each granting the right to acquire one BW Offshore share [2]. - The programme is discretionary, with annual invitations extended to participants [1]. Option Details - The strike price for the options is set at NOK 32.19, calculated based on the volume weighted average share price from five trading days prior to the grant date, plus a 15.76% premium [3]. - Options have a vesting period of three years, followed by a three-year exercise period, and will expire six years after the award date [3]. Conditions and Awards - Options are non-tradable and contingent upon the holder's employment status with the company [4]. - In 2025, 92,400 RSUs were awarded to 18 employees, which will be settled in shares after a three-year vesting period [4]. Key Executives and Awards - Chief Executive Officer Marco Beenen received 300,000 options, while other executives received varying amounts, including: - Chief Financial Officer Ståle Andreassen: 100,000 options - Chief Commercial Officer Mona Rajoo: 100,000 options - Chief Technical Officer Mike McAreavey: 100,000 options - Chief Strategy Officer Anders S. Platou: 100,000 options - General Counsel Ming Yen Yip: 100,000 options [4]. Company Overview - BW Offshore specializes in innovative floating production solutions and operates a fleet of three Floating Production Storage and Offloading (FPSO) units, with aspirations for growth [5]. - The company has approximately 1,100 employees and is publicly listed on the Oslo Stock Exchange [5].